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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Fifth Third Bancorp    FITB

FIFTH THIRD BANCORP

(FITB)
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FIFTH THIRD BANCORP : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

10/26/2020 | 08:05am EST

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 26, 2020, Fifth Third Bancorp (the "Company") announced the promotion of Timothy N. Spence to President of the Company, effective immediately.

Mr. Spence's prior business experience is described in the section titled, "Information About Our Executive Officers" of the Company's Annual Report on Form 10-K filed for the fiscal year ended December 31, 2019 and is hereby incorporated by reference. Information with respect to Mr. Spence's compensatory arrangements is set forth in the Company's proxy statement filed on March 4, 2020 and is incorporated herein by reference.

There are no arrangements or understandings between Mr. Spence and any other person pursuant to which he was elected as an officer of the Company, and there are no family relationships between Mr. Spence and any of the Company's other directors or executive officers. There are no transactions in which Mr. Spence has a direct or indirect interest that would be required to be disclosed under Item 404(a) of Regulation S-K.

A copy of the related press release is attached as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1 - Press release dated October 26, 2020

Exhibit 104 - Cover Page Interactive Data File (embedded within the Inline XBRL document)

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© Edgar Online, source Glimpses

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Financials (USD)
Sales 2020 7 596 M - -
Net income 2020 1 251 M - -
Net Debt 2020 - - -
P/E ratio 2020 15,2x
Yield 2020 4,10%
Capitalization 18 722 M 18 722 M -
Capi. / Sales 2020 2,46x
Capi. / Sales 2021 2,52x
Nbr of Employees 20 283
Free-Float 76,9%
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Technical analysis trends FIFTH THIRD BANCORP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 27,07 $
Last Close Price 26,28 $
Spread / Highest target 21,8%
Spread / Average Target 2,99%
Spread / Lowest Target -12,5%
EPS Revisions
Managers
NameTitle
Gregory D. Carmichael Chairman & Chief Executive Officer
Timothy Spence President
James C. Leonard Chief Financial Officer & Executive Vice President
Jude A. Schramm Chief Information Officer & Executive VP
Gary R. Heminger Independent Director
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